Venture Global, Inc.
ventureglobal.comWhat Do They Do?
Produces and sells liquefied natural gas to international customers, with natural-gas transportation, shipping and regasification supporting deliveries.
10-K for FY2025, filed Mar 2, 2026Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Our integrated…View ↗
Natural gas is a vital global resource that underpins economic development through the generation of reliable electricity. By cooling…View ↗
LNG produced by our facilities is sold to our customers on either a FOB, DPU or DES basis, directly from our projects or through our sales…View ↗
How Do They Make Money?
Customers buy liquefied natural gas cargoes under long-term agreements and shorter commissioning or excess-sales contracts. They pay a fixed processing fee plus a gas-price-linked charge, with payment due within 30 days after delivery.
10-K for FY2025, filed Mar 2, 2026Commissioning sales, representing LNG produced and sold, on a forward, spot or short-term contracted basis, during the testing and…View ↗
The LNG sales price structure under our Contracted SPAs generally includes (i) a fixed liquefaction fee, a portion of which is subject to…View ↗
The Company recognizes revenue when it transfers control of promised goods or services to its customers in an amount that reflects the…View ↗
The Company has entered into numerous contracts for the sale of LNG to third-party customers. LNG produced by our facilities is sold to the…View ↗
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10-K for FY2025, filed Mar 2, 2026
FY2025 revenue by product or service ↗
$13.8B
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10-K for FY2025, filed Mar 2, 2026
$13.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
LNG revenue
Sold outright
10-K for FY2025, filed Mar 2, 2026 |
99% |
LNG revenue, FY2025
$13.7B Sources
|
Sold outright |
|
Other revenue
|
0.6% |
Other revenue, FY2025
$82M Sources
|
Who Are Their Customers?
Third-party customers buy liquefied natural gas directly from the projects or through the sales and shipping business, under long-term agreements as well as shorter-term cargo arrangements.
10-K for FY2025, filed Mar 2, 2026LNG produced by our facilities is sold to our customers on either a FOB, DPU or DES basis, directly from our projects or through our sales…View ↗
Commissioning sales, representing LNG produced and sold, on a forward, spot or short-term contracted basis, during the testing and…View ↗
As of December 31, 2025, we have executed 47.0 mtpa of SPAs with a well-recognized group of third-party customers. Approximately 96% of…View ↗
Our sales and shipping business, which includes the activities of our wholly owned entity, VG Commodities, serves as the Company's…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 20 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$6.8B.
10-K for FY2025, filed Mar 2, 2026
$5.2BView ↗
10-K for FY2025, filed Mar 2, 2026
$2.7BView ↗
10-K for FY2025, filed Mar 2, 2026
−$6.8BView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 11, 2026
Open tableView ↗
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Aug 11, 2026
Raised its 2026 adjusted earnings forecast
Raised its forecast for earnings before interest, taxes, depreciation and amortization, after adjustments, to $8.7–$9.1 billion from $8.2–$8.5 billion.
Sources
8-K, filed Aug 11, 2026
Generated strong second quarter 2026 financial results: Revenue of $4.6 billion, an increase of 48% from Q2 2025 Income from operations of…View ↗
Who Do They Compete With?
Competes with QatarEnergy, BP, Chevron, ConocoPhillips, ExxonMobil, Shell, Total, Cheniere, Freeport LNG, Sempra, Glencore, Trafigura, and Vitol
10-K for FY2025, filed Mar 2, 2026With respect to our projects, our current and potential competitors include, but are not limited to, (1) national energy companies, such as…View ↗
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